Quote from: Anguwa on November 26, 2023, 10:02:04 PM

Quote from: cryptoaddictchie on November 22, 2023, 03:24:20 AM

What a shocking event this morning when CZ resigned as CEO and replaced by Richard Teng as the new CEO. With the SEC plead guilty issue of CZ. Well this si unexpected news knowing CZ built the Binance so strong. Anyway with the new CEO possible new eras and new beggining for Binance.

Check the Binance announcement for complete story.

https://www.binance.com/en/blog/leadership/binance-announcement-reaching-resolution-with-us-regulators-2904832835382364558

At first, I thought it is CZ that owns the exchange Binance. Not until this sudden news of him dropping his position as the CEO.
So what is now the exact future of Binance exchange?
Will this new CEO continue from what CZ started or the new CEO will make his own ways to improve the exchange?

I am totally confused and I am not using the exchange again for now because I don’t normally like trusting them with my privacy because most exchanges promise to give us extra security when it comes privacy but they mostly go against their words which is why they lose their trust.

He was owning it but he has also having CEO as his position in the company. He is still co founder even though he was not CEO anymore. Please try to take a look at his BIO on twitter. It will explain everything. CZ is still having the company even though he was not a CEO anymore. CZ will be back again once the time will have come. Cz will always be monitoring his company. You shall not even worry about that. CZ is fine and he will be back once he will be sorted out all of problems.

Nothing happend with the exchange site and it's still operating without any problem. US may be charged it with a very big sanction to pay around 4 billions fine for united stated but binance has agreed to do that.
CZ is also having his money ready on his pocket. He is now only fighting for himself. That's why he was leaving from binance as CEO caused by he didn't wanna see crypto market got hit so hard by this news.